ING Groep N.V. - ADR
ING
Market Cap$54.99B
Close$
Earnings Call Q4 2023
February 1, 2024 - AI Summary
ING Group reported exceptional results for 2023, with strong growth in primary customers and a low-cost income ratio of 51%.
The bank expects total income to remain strong in 2024, benefiting from a normalized interest rate environment. However, income may be somewhat below the level of 2023 due to an expected normalization of liability margins.
Fee growth is expected to improve in 2024, driven by higher trading activity in investment products and a rebound in mortgage volumes.
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$44.18
179.6% upside
Current Fair Value
179.6% upsideUndervalued by 179.6% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $54.99 Billion |
|---|---|
| Enterprise Value | - |
| Dividend Yield | $1.1827 (7.52%) |
| Earnings per Share | $1.28 |
| Beta | 0.0 |
| Outstanding Shares | 3,498,194,469 |
| Avg 30 Day Volume | 3,265,531 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 12.01 |
|---|---|
| PEG | - |
| Price to Sales | - |
| Price to Book Ratio | - |
| Enterprise Value to Revenue | - |
| Enterprise Value to EBIT | - |
| Enterprise Value to Net Income | - |
| Total Debt to Enterprise | - |
| Debt to Equity | - |
Revenue Sources
No data
ESG Score
No data
About ING Groep N.V.
CEO: Steven van Rijswijk